First we lost the flagship Topshop on Oxford Street, and now we’re losing Fenwick; the iconic department store that has run its trade on Bond Street since 1891.
It was announced back in 2022 that the Bond Street stalwart was going to be closing its doors for good. We now, however, have an exact date. And it’s very soon.
Fenwick’s on Bond Street will officially be shutting up shop on Sunday, February 3. The store has aready started to downsize in preparation; with only three of the five floors now in use. The only mildly silver lining is that there will – of course – be a closing down sale. Shoppers can currently get up to 70% off thousands of items in-store and online.
The Bond Street building is being sold in a bid to help the brand, which began life on Tyneside in 1882, to grow and prosper. Despite boasting a tasty central London location, it is only the fourth largest in the brand’s roster, taking only half as much in sales as the Northumberland Street site in Newcastle.
Simon Calver, chairman of Fenwick, said: “Decisions like this are always difficult but it is absolutely the right thing for the business.
“Clearly, trading has been tough across all of retail for the past few years. There’s been Covid and now there’s a cost-of-living crisis. This was about what we need to do to ensure the business is on a really strong financial footing and can survive for another 140 years.”
Fenwick on Bond Street will continue to serve customers until February 3, at which point will mark 133 years of service to the busy shopping district. Their other eight locations, including sites in Brent Cross and Kingston-Upon-Thames, will remain open for business.